The main way that are designed to stop inflation and eliminate large budget deficits. include trade reforms, privatizations, and deregulation. are designed to open the economy to more market-based decision making. are implemented is through a cut in government expenditures.
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- What is role of the private sector in helping the Filipino government ease its fiscal pressure?Differentiate between the following terms:a. a budget deficit. b. the government debt. c. a budget surplus d. a balanced budget.Please match each description with the appropriate approach to federal finance. Policymakers should reduce spending and increase taxes when the economy is growingin order to prevent "overheating".This approach was considered conventional wisdom until the advent of theGreat Depression.Policymakers should focus on keeping unemployment low and providing the peoplewith the public goods and services they want.If insisted upon, this approach would only worsen the economy during a recession.This approach ignores the impact of the budget on the business cycle. Answer bank in image
- Please match each description with the appropriate approach to federal finance. Policymakers should reduce spending and increase taxes when the economy is growingin order to prevent "overheating". This approach was considered conventional wisdom until the advent of theGreat Depression. Policymakers should focus on keeping unemployment low and providing the peoplewith the public goods and services they want. If insisted upon, this approach would only worsen the economy during a recession. This approach ignores the impact of the budget on the business cycle.Through utilizing fiscal policy, i.e. varying and/or governments achieve goals for output and employment growth as well as price stability. a. interest rates, financial liberalization b. inflation, tax elasticity c. tax rates, government spending d. interest rates, tax ratesFiscal policy is spending and taxation of the executive branch of the federal government; in recessionary times, what initiatives in spending and or taxation are going to help the economy?
- How might an increase in government spending affect the national debt and economic growth in the short term? A. Increase national debt and slow economic growth B. Decrease national debt and stimulate economic growth C. Increase national debt and stimulate economic growth D. Decrease national debt and slow economic growthWhich of the following government actions is an example of fiscal policy? A. Regulation of utility prices. B. Increased government spending on social programs. C. Changes in the money supply. D. The institution of wage and price controls.In a government budget, primary deficit is $20000 million and interest payments is $16000 million What will be the fiscal deficit
- The use of government spending and taxation to affect aggregate demand are examples of fiscal policy. Explain how fiscal policy influences the economic growth of a country?Which one of the following statements regarding fiscal policy and the budget is correct?(a) When the government plans to stimulate economic activity, it can increasespending or reduce taxes;(b) Revenue from tax is always greater than government spending in SouthAfrica;(c) Demand management only refers to fiscal policy;(d) A contractionary fiscal policy should be implemented to combatunemployment.Impact of budget deficits